Notes to Accounts of Tyche Industries Ltd.

Mar 31, 2015

A. Terms / rights attached to equity shares

"The Company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share.The Company declare and pays dividends in Indian rupees. The
dividend proposed by the Board of Directors is subject to the approval
of shareholders in the ensuing Annual General Meeting.During the year
ended March 31, 2015 amount of Dividend per share recognised as
distributions to equity shareholders is Rs. 0.50 (March 31,2014:
Rs.0.50)

(B) Previous year figures have been re-grouped wherever necessary to
conform to the classification adoptedforthe currentyear.

(C) Figures are rounded off to the nearest rupee.

Mar 31, 2014

1. Deferred Tax Liablities (Net)

In compliance with Accounting Standard (AS-22) relating to ''Accounting
for taxes on income'' issued by the Institute of Chartered Accountants
of India, the Company has provided the deferred tax liability accruing
during the year aggregating to Rs.46,85,911/- in the Profit & Loss
Account. Deferred Tax Liability (Net) of Rs. 2,55,69,726/- shown in
the Balance Sheet as on 31.03.2014 comprises of the following: :

(a) Previous year figures have been re-grouped wherever necessary to
conform to the classification adopted for the current year.

(b) Figures are rounded off to the nearest rupee.

Mar 31, 2013

A. Related Party Transactions:

Related party Disclosures, as required by Accounting Standard 18
"Related Parties DisclosuresÂ by the Institute of Chartered Accountants
of India are as given below.

(B) Previous year figures have been re-grouped wherever necessary to
conform to the classification adopted for the current year.

(C) Figures are rounded off to the nearest rupee.

Mar 31, 2012

1. Share Capital

a. Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of
Rs.10 per share. Each holder of equity shares is entitled to one vote
per share.

The Company declares and pays dividends in Indian rupees. The dividend
proposed by the Board of Directors is subject to the approval of
shareholders in the ensuing Annual General Meeting.

During the year ended March 31, 2012, amount of dividend per share
recognised as distributions to equity shareholders is Rs.0.50 (March
31,2011: Rs.0.50)

(b) Previous year figures have been re-grouped wherever necessary to
conform to the classification adopted for the current year.

(c) Figures are rounded off to the nearest rupee.

Mar 31, 2010

1. VALUATION OF INVENTORY:

The company has adopted the Policy to value the Raw materials, stores
and spares and finished goods at cost, Work- in- process is valued at
cost of Raw materials plus proportionate overheads as per AS 2 issued
by ICAI. Cost includes all charges incurred for bringing the goods to
the location of the manufacturing facilities.

2. SECURED LOANS:

The company has availed fund based limits in the form of Rs 10.00
crores (interchangeable cash credit limit of Rs 6.00 crores, EPC limit
of Rs 6.00 crores, FBP limit of Rs 6.00 crores) and non fund based
limit of Rs 1.00 crores in the form of Letters of credit (Inland/
foreign) against hypothecation of stocks of raw materials, work in
process, finished goods, & book debts from Bank of India & Secured by
other assets & also secured by personal guarantee of Managing director
and collateral securities of assets with negative lien on net block
other then assets mentioned below:

The balances outstanding on account of sundry debtors/sundry
creditors/advances are subject to confirmation from the respective
parties.

4. MICRO, SMALL AND MEDIUM UNITS DUES:

As per the information and explanations available with the company
there are no dues to Micro, small and medium enterprises, as defined in
the Micro, small and medium enterprises Development Act, 2006, to whom
the company owes dues on account of principal amount together with
interest and accordingly no additional disclosures have been made

5. PREVIOUS YEAR FIGURES:

Previous year figures are regrouped wherever necessary to make them
comparable with that of current year classification.

6. ROUNDING OFF:

Paise have been rounded off to the nearest rupee.

7. OTHER PROVISIONS OF SCHEDULE-VI:

Other provisions of Schedule-VI of the Companies Act, 1956 are not
applicable to the company.